Question: Please explain this answer with formulas and step by step guide. NO EXCEL PLEASE [Study Guide) Marie Bain is the production manager at a company

Please explain this answer with formulas and step by step guide.

NO EXCEL PLEASE

Please explain this answer with formulas and step

[Study Guide) Marie Bain is the production manager at a company that manufactures hot water heaters. Marie needs a demand forecast for the next few years to help decide whether to add new production capacity. The company's sales history (in thousands of units) is shown in the table below. Use exponential smoothing with trend adjustment to forecast demand for period 2. The initial forecast for period 1 was 11 units; the initial estimate of trend was 0. The smoothing constants are a = .3 and 3 = .3 Period 1 2 Actual 12 15 4 16 16 18 20 5 6

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